Paper tax return deadline looms
The deadline for sending 2011/12 paper tax returns is fast approaching.
HMRC is reminding everyone that the deadline for paper tax returns is Wednesday 31 October 2012. Paper returns received on or after 1 November will result in a £100 penalty, even if there is no tax to pay.
Those unable to submit their paper tax return by the deadline can avoid a late filing penalty by sending their tax return online by 31 January 2013.
Around 10.6 million notices to complete a tax return have been sent by HMRC for the 2011/12 tax year. Since last year there have been new penalties in place for late returns, which could see those filing late pay more than £1,500 in penalties, depending on how late they file.
If you would like help and advice on completing your tax return, please don't hesitate to contact us.